This is the second of our free series on "Understanding You Credit Unions Financials".

Wed, August 5, 2020 2:00 PM – 3:00 PM EDT

How are you managing the Interest Rate Risk at your credit union?

Join TCT & NCOFCU to learn about ALM and IRR management.

Wed, August 5, 2020 2:00 PM – 3:00 PM EDT

Who Should Attend: CEO, CFO, Operations, Board Members

About this Event

Managing Interest Rate Risk is a key responsibility of credit union boards and management. Both state and federal regulators have identified IRR as a core area for their examinations. Understanding what IRR is, and the most effective ways to manage and exploit it are valuable assets for credit union leaders. This webinar will help participants expand both their knowledge of IRR and skills for effectively using IRR to improve credit union performance. The session will provide hands-on exposure to the application and use of the following tools:

ALM Base Case
Liquidity Shock Test (Online)
IRR Limits Calculation Tool (Online)
ALM Simulation Tool (Online)
Concentration Risk Analysis (Online)

Benefits of TCTs Tools

Simple and effective methods and tools for managing IRR

Increased opportunities to serve and help members

Increased power to comply with federal and state regulations

Remember , "You're Not Alone With NCOFCU"

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Mortgage Rates See Biggest Decline in a Year; Applications Rise

WASHINGTON–Mortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month, according to new data. Total mortgage application volume rose 2.5% last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.61% from 7.86%, with points falling to 0.69 from 0.73 (including the origination fee) for loans with a 20% down payment. The Rate Driver "Last week's decrease in rates was driven by the U.S. Treasury's issuance update, the Fed striking a dovish tone in the November FOMC statemen

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Growing Delinquencies, Especially in Auto Loans, Can be Seen in New CUNA Report

MADISON, Wis.–Ongoing increases in delinquencies, especially in automobile loans, can be seen in the new CUNA Economic Update . According to CUNA Chief Economist Mike Schenk, the report shows: Mortgage delinquencies. With data obtained by Equifax, CUNA economists said they have found “slight upward movements” in mortgage delinquency rates. Credit card delinquencies. Bigger increases in delinquency rates relative to the cyclical low – as seen during the COVID-19 pandemic – is concerning, said Schenk. Auto loan delinquencies: Data shows a “dramatic” increase in delinquency rates among institutions such as auto financing companies. CUNA Forecast CUNA’s economists are forecasting delinquency rates will peak at 1% by the end of 2024.

Read Complete Article HERE>»

Speakers & Sessions For NCOFCU 24 San Antonio TX.

National Council of Firefighter Credit Unions Inc (NCOFCU) Speakers and Schedule! It is the National Council of Firefighter Credit Unions (NCOFCU) "GO TO Conference" for credit unions serving first responders! Who should attend? CEO's, VP's Directors and Staff See What's Planned Register Here! Bring your spouse, bring a guest to enjoy San Antonio, TX River Walk 4 Days Golf 16 + Sessions Alamo Reception Closing Dinner Right on the San Antonio River Walk Several Networking events Open Forums Idea Exchange Events Panel Discussions of CU Leaders National & Industry Speakers Trends in First-Responder Credit Unions Director & Volunteer Sessions Exhibitors ShowcaseAnd So Much More! HOTEL REGISTER HERE

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Firefighter Credit Union Newsroom

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